Experts find private keys on Slope servers, still puzzled over access
Blockchain analysis firms involved in Solana exploit investigation unpack the latest developments as teams try to figure out how private keys were stolen. Blockchain auditing firms are still trying to figure out how hackers gained access to about 8,000 private keys used to drain Solana-based wallets. Investigations are ongoing after attackers managed to steal some $5 million worth of SOL and SPL tokens on Aug. 3. Ecosystem participants and security firms are assisting in uncovering the intricacies of the event. Solana has worked closely with Phantom and Slope.Finance, the two SOL wallet....
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Bitpay’s open source wallet Copay announced Tuesday that they have fixed a security flaw in Android phones running version six, codenamed ‘Marshmallow.’ Simultaneously, popular Bitcoin web and mobile wallet, GreenAddress, has encountered the same problem and is actively working on a solution. Private Keys Kept in the Cloud at Risk. The root of the....
Of all the formalized monetary systems that have ever been used by mankind, Bitcoin is unique in the fact that it exists entirely as pure information. The blockchain, the database storing Bitcoin transactions so the system can figure out who owns what, it stored simultaneously on tens of thousands of computers and servers around the world. The system's equivalent of "accounts", Bitcoin addresses, are also really nothing more than 160-bit numbers, and the private keys that allow withdrawal access are 256-bit numbers themselves. The result of this is that we can literally store our money in....
If the headline sounds too good to be true, don’t worry. It isn’t and there’s more. During an interview with Bitcoinist, Xapo CEO Wences Casares said that in the wake of Mt.Gox and Bitstamp, they’re ready to implement their newest features to prove their dedication to security. In a four-part announcement, the California-based company laid out their plans for 2015 that would make any bitcoin enthusiast giddy. The Xapo deep cold storage vaults will now be three-of-five multi-signature enabled. According to Casares, the five private keys will be generated offline. The servers will never....
Introduction. As you're probably already aware, the power of Bitcoin boils down to cryptography. Using a system of public and private keys, you can track every users' finances without revealing his or her identity. Security and privacy: the best of both worlds. What you might be less familiar with is called hashing, the specific mathematical technique employed. It takes data of any size and converts it to a numerical value of fixed length-the hash. The public keys listed on the Bitcoin blockchain are hashed from private keys, as are the signatures needed to verify transactions in the....
Bitcoin startup Gem has launched a private beta of what it says is a highly scalable and security-focused API for bitcoin app developers. The Gem API was designed from the ground up to streamline app development while delivering enhanced levels of security by encrypting and backing up bitcoin storage and building in technologies such as multi-signature authentication. The platform was showcased and launched at the ongoing TechCrunch Disrupt San Francisco. Encrypted data. Gem chief executive Micah Winkelspecht said the platform offers an extra layer of security compared to competing....